$3,400,000 | 9 UNITS | OUTER RICHMOND
4301 Balboa Street
Price per Square Feet
4301 Balboa Street is a nine-unit apartment building in the Outer Richmond. Constructed in 1965, this is the first time the building has ever been offered for sale. The property consists of six two-bedroom units and three one-bedroom units. Some of the units have excellent views of the Pacific Ocean and to the south through San Francisco. The tenants can also enjoy the views from the roof deck. Three of the two-bedrooms are a larger floor plan, though all of the units are spacious. There are six individual garages, plus a parking pad on the 44th Avenue side of the building. Four of the apartments will be delivered vacant. The vacant units are remodeled and ready to rent. Two garages will also be delivered vacant. There are vacant storage lockers that can be rented as well. The units are separately metered for gas and electricity. The majority of the windows are double pane, many of them recently replaced. Seller upgraded the electrical system with new panels and subpanels in all units in 2021. There is coin operated laundry, and an elevator for the tenant’s convenience. There are fire sprinklers throughout the garage level and along the southern exterior on all levels. The soft-story retrofit was completed in 2017. The building has been maintained to a high standard that is evident as you walk through the common areas and apartments. Several blocks away is the bustling Balboa Street retail corridor with a plethora of restaurants, cafes, bars, and shopping. This is an excellent opportunity to purchase a turn-key building in an excellent rental location.